Barclays Said to Cap Banker Cash Bonuses at 140,000 Pounds

Barclays Plc will limit the cash portion of investment-banker’s bonuses to 140,000 pounds ($229,400), 24 percent below last year’s level, a person with knowledge of the plans said.

Bonuses for the London-based bank’s 1,200 managing directors for 2013 will be deferred and paid in three installments, said the person, who asked not to be identified because the plans haven’t been made public. The cap compares with a maximum of 185,000 pounds last year, the person said.